I have a vision — Web3 & The Graph
A vision of a few year laters where Web3.0 is standard and The Graph plays a fundamental role in it
Disclaimer: I’m not a highly skilled IT guy. I’m just a normal nerd who is impressed with both the present and the future of the Internet. My knowledge in this article could be totally wrong and I’m more than happy if anyone leaves a comment to supplement my view.
In my vision, I do not see traditional-like corporates taking the vital roles in the global economy but layers of lego-connecting permission-less protocols. Among them, The Graph Network has a huge impact, especially in data-relevant industries. Their economy, called Grapheconomy, is ranked among Top 50 Economies in the World.
In a flash of light, I see borderless businesses called Indexer where they each have a brandname attracting delegators with their honest work on providing seamless, instant and accurate data queries from high quality open APIs called subgraphs, which are popularized by a community of curators who signal to indexers by depositing their GRT tokens into bonding curves of the subgraphs that they find qualified, that’s where I see myself in the future.
Unsurprisingly, traditional banking system has adapted to Web3’s layers of financial protocols. Everyone is a bank now. One tap and all your credit score history can be allow to retrieved to apply for under-collateralized loans or even lend your credit. All finance statements are transparent as the light. And unlike traditional businesses, Web3 businesses do not have quarterly financial reports, they have daily one, or rather real-time in cases. Finance audit and tax reports are conducted directly.
What’s even more surprising that I uncle John who have always hated the crypto sphere is now using a Graphearn to optimize his investment in the Grapheconomy as a delegator. “What’s that”, you may ask. Well, to understand it, you gotta know, not all people can setup and run above-mentioned Indexers businesses as it requires high technical knowledge and large budget. But if people with less technical and monetary resources want to get involved in this digital economy, they can join as a delegator where they can delegate observe, examine in terms of different attributes like choices of subgraph, fee rate, fee and reward cut, previous logs of downtime/slashes,… and then delegate their GRT token to the indexer they find suitable. However, there are ten of thousands of businesses like that in the Grapheconomy with different attributes that could change in weeks or even days so some may not catch up with the pace. That’s where I see Graphearn serve them as a yield optimizer on The Graph Network for delegators to offer the best returns for their depositors by choosing the optimal performing indexer business (Like a hedge fund in the Grapheconomy).
In another flash, I can even envision my friend James searching for data for his research on DeFi projects in a Dapp with a search bar like google and underlying connections to multiple reliable subgraphs built on the Graph Network, hosted and curated by millions of people around the world. Whenever he types something, the search engine understand and return the results in a form of an analytics dashboard without him typing any query command.
In my vision, there are also dapps where you can set alerts to trade based with certain alert triggers that are more than just price-relevant data like traders do use today. For example, you can “copy trade” a certain whale wallet as take a swap action on Uniswap or other AMM protocols that meets a certain criteria like trade size or number of days since the pool of that token is set. (check out this tool for now).
As people are more familiar with the decentralized internet, “Personal” subgraph is a thing now. It’s a like a Web3 resumé data source for you to create products based on your edges. Look at it this way, on-chain trading, in that future of my view, is seamless and all tracked. Decentralized asset management protocols like dHedge build a subgraph for each of their managers so that can query trading logs for their end user to check out as reference before they decide to follow which one.
Oh wait, did I mention Everest.link? The place where you can learn about projects with all of official documents posted by the project team and guarded/crowd verified/checked by the community. You will get notification if a job/task from any projects on the site is posted and has matching record based on your previous interactions with the project smart contracts (with certain types of actions as the filter). All can be done via data from a subgraph allowing to query events that took place via their smart contracts (Imagine it like Uniswap give direct notification to you that you got airdrop 400 UNI from them).
There are tons more things I can imagine about the future unlocked by The Graph Network, taking note the world in the future will be layers lego permission-less protocols connecting to each other building economics with transactions of value. And all of theirs data can be organized and queried via a trustworthy network with incentives not to provide unreliable data.
“What gave me that vision?” — I wondered.